Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Â	Name of exempt principal trader:	Â	Barclays Capital Securities Ltd
(b)		Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		16 May 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		XSTRATA PLC
Â		of any other party to this offer?		Â

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,292,095		0.02%		9,506,836		0.14%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,841,302		0.13%		1,054,569		0.02%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				10,383,397		0.15%		12,887,305		0.19%

Class of relevant security:	Â	Â	Â	Convertible Bond	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,200,000		0.05%		0		0.00%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				1,200,000		0.05%		0		0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		100		45.2000 HKD
ORD		Purchase		100		45.2500 HKD
ORD		Purchase		359		3.5175 GBP
ORD		Purchase		1,029		3.5298 GBP
ORD		Purchase		1,202		3.5155 GBP
ORD		Purchase		1,226		3.5345 GBP
ORD		Purchase		2,100		43.8500 HKD
ORD		Purchase		3,500		43.9000 HKD
ORD		Purchase		10,000		3.5228 GBP
ORD		Purchase		17,640		3.5829 GBP
ORD		Purchase		18,535		3.5899 GBP
ORD		Purchase		37,982		3.5963 GBP
ORD		Purchase		38,957		3.6315 GBP
ORD		Purchase		47,860		3.5868 GBP
ORD		Purchase		65,964		3.5740 GBP
ORD		Purchase		88,498		3.5815 GBP
ORD		Purchase		120,000		3.7067 GBP
ORD		Purchase		151,200		45.0794 HKD
ORD		Purchase		245,368		3.5512 GBP
ORD		Purchase		370,015		3.5888 GBP
ORD		Sale		162		3.6457 GBP
ORD		Sale		200		45.2250 HKD
ORD		Sale		300		44.6000 HKD
ORD		Sale		359		3.5175 GBP
ORD		Sale		600		44.7500 HKD
ORD		Sale		600		45.6000 HKD
ORD		Sale		800		43.7000 HKD
ORD		Sale		933		3.5239 GBP
ORD		Sale		1,100		45.5000 HKD
ORD		Sale		1,155		3.5369 GBP
ORD		Sale		1,263		3.5581 GBP
ORD		Sale		1,306		3.5566 GBP
ORD		Sale		1,366		3.6398 GBP
ORD		Sale		1,737		3.6315 GBP
ORD		Sale		2,000		45.5500 HKD
ORD		Sale		2,255		3.5325 GBP
ORD		Sale		2,715		3.6309 GBP
ORD		Sale		2,838		3.5014 GBP
ORD		Sale		3,100		44.0000 HKD
ORD		Sale		3,300		45.3000 HKD
ORD		Sale		5,070		3.5299 GBP
ORD		Sale		9,000		44.6517 HKD
ORD		Sale		9,800		45.2500 HKD
ORD		Sale		10,000		3.6219 GBP
ORD		Sale		10,000		3.6227 GBP
ORD		Sale		10,000		44.3000 HKD
ORD		Sale		10,000		44.5000 HKD
ORD		Sale		10,000		44.6500 HKD
ORD		Sale		10,400		44.1000 HKD
ORD		Sale		12,000		45.2000 HKD
ORD		Sale		23,677		3.5178 GBP
ORD		Sale		26,000		45.4000 HKD
ORD		Sale		29,696		3.6256 GBP
ORD		Sale		37,609		3.6152 GBP
ORD		Sale		45,200		3.5948 GBP
ORD		Sale		51,200		45.4500 HKD
ORD		Sale		56,000		3.5874 GBP
ORD		Sale		115,000		3.6751 GBP
ORD		Sale		143,003		3.5965 GBP
ORD		Sale		151,200		3.5578 GBP
ORD		Sale		264,641		3.5847 GBP
ORD		Sale		333,021		3.5957 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		SWAP		Long		100		3.5705 GBP
ORD		SWAP		Long		1,263		3.5581 GBP
ORD		SWAP		Long		3,109		3.6401 GBP
ORD		CFD		Long		4,999		3.6135 GBP
ORD		CFD		Long		5,499		3.6126 GBP
ORD		CFD		Long		7,800		3.4997 GBP
ORD		CFD		Long		8,268		3.5026 GBP
ORD		CFD		Long		9,000		44.6517 HKD
ORD		CFD		Long		30,556		3.5328 GBP
ORD		CFD		Long		72,297		3.6404 GBP
ORD		CFD		Long		248,668		3.5834 GBP
ORD		CFD		Long		500,000		3.6123 GBP
ORD		CFD		Short		1,202		3.5155 GBP
ORD		CFD		Short		1,500		43.9054 HKD
ORD		CFD		Short		1,667		3.4816 GBP
ORD		CFD		Short		4,100		43.9482 HKD
ORD		CFD		Short		4,600		3.6108 GBP
ORD		CFD		Short		4,999		3.6303 GBP
ORD		SWAP		Short		10,563		3.5714 GBP
ORD		CFD		Short		25,000		3.6385 GBP
ORD		CFD		Short		40,000		3.5940 GBP
ORD		SWAP		Short		47,860		3.5868 GBP
ORD		CFD		Short		90,336		3.5266 GBP
ORD		CFD		Short		173,320		3.7353 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Â

Yes

Date of disclosure:	Â	17 May 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 7116 2913

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings	Â	Barclays Capital Securities Ltd
are being disclosed:		Â
Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
relevant securities this from relates:		Â

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Put Options

Purchased

250,000

4.4000

American

18 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

18 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

18 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

18 May 2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.